Mark's Commentaries
Mar
11
2010
Bookkeeping: Stopped Out of Greenhill & Co (GHL) Short
by Mark
Overall Rating:
This short lasted longer than I imagined considering the market action... the irony is the first day in 2 weeks the S&P finally opens in the red, one of my shorts gets taken away. Oh mother market - you are so cruel. Greenhill & Co (GHL) jumped over my stop loss of $78.20 (entry was $76.50) so I will take the 2.2% loss on the position that began a week ago Wednesday and exit. I don't see any particular news for the move but perhaps there was a broker upgrade.
If the stock can hold $78 or so, it now flips to a quite attractive long opportunity.
No position
If the stock can hold $78 or so, it now flips to a quite attractive long opportunity.
No position
Tags: shorts | ghl
